D2L (OTCMKTS:DTLIF) Stock Jumps 2.4% – Should You Buy?

Shares of D2L Inc. (OTCMKTS:DTLIF) were up 2.4% on Friday. The company traded as high as C$7.31 and last traded at C$7.31. Approximately 1,100 shares were traded during mid-day trading, a decline of 81% from the average session volume of 5,761 shares. The stock had previously closed at C$7.14.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DTLIF shares. BMO Capital Markets reiterated a “market perform” rating on shares of D2L in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce cut shares of D2L from an “outperform” rating to a “neutral” rating in a report on Friday, September 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

D2L Stock Performance

The business’s 50 day moving average is C$7.01 and its 200 day moving average is C$6.88.

D2L Company Profile

D2L Inc is a Canadian education technology company that develops software for teaching, learning and professional development. Its primary product is Brightspace, a cloud-based learning management system that helps organizations deliver courses, manage content, assess learners and monitor educational outcomes.

The company serves schools and school districts, colleges and universities, businesses, government agencies and other organizations. In addition to its learning management platform, D2L offers tools and services for course creation, personalized learning, analytics, assessment and employee training, including products such as D2L Lumi and D2L Performance+.

Founded in 1999 as Desire2Learn by John Baker, D2L has expanded its operations beyond Canada and serves customers in multiple international markets.